State of New Jersey Common Pension Fund D Has $6,601,000 Stake in Hanesbrands Inc. (HBI)

State of New Jersey Common Pension Fund D held its position in Hanesbrands Inc. (NYSE:HBI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 285,000 shares of the textile maker’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Hanesbrands were worth $6,601,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc increased its position in Hanesbrands by 0.3% in the second quarter. CIBC Asset Management Inc now owns 36,700 shares of the textile maker’s stock worth $850,000 after buying an additional 106 shares during the period. Advantus Capital Management Inc increased its position in Hanesbrands by 0.3% in the first quarter. Advantus Capital Management Inc now owns 37,884 shares of the textile maker’s stock worth $786,000 after buying an additional 131 shares during the period. Nicolet Bankshares Inc. increased its position in Hanesbrands by 1.5% in the second quarter. Nicolet Bankshares Inc. now owns 13,345 shares of the textile maker’s stock worth $309,000 after buying an additional 200 shares during the period. FTB Advisors Inc. increased its position in Hanesbrands by 1.8% in the first quarter. FTB Advisors Inc. now owns 11,227 shares of the textile maker’s stock worth $233,000 after buying an additional 202 shares during the period. Finally, Meeder Asset Management Inc. increased its position in Hanesbrands by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 36,242 shares of the textile maker’s stock worth $840,000 after buying an additional 202 shares during the period. 93.68% of the stock is owned by institutional investors and hedge funds.

Shares of Hanesbrands Inc. (NYSE HBI) opened at 23.93 on Friday. The firm has a market cap of $8.72 billion, a PE ratio of 15.68 and a beta of 0.73. Hanesbrands Inc. has a 52 week low of $18.91 and a 52 week high of $28.24. The firm has a 50-day moving average of $23.27 and a 200-day moving average of $21.71.

Hanesbrands (NYSE:HBI) last posted its earnings results on Tuesday, August 1st. The textile maker reported $0.53 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. Hanesbrands had a net margin of 9.02% and a return on equity of 64.80%. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the business posted $0.51 EPS. The business’s revenue was up 11.8% compared to the same quarter last year. On average, analysts expect that Hanesbrands Inc. will post $1.99 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Tuesday, August 15th will be paid a $0.15 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 2.51%. Hanesbrands’s payout ratio is 39.47%.

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A number of research analysts recently weighed in on the stock. FBR & Co reaffirmed a “buy” rating on shares of Hanesbrands in a research report on Saturday, April 15th. BidaskClub raised shares of Hanesbrands from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. ValuEngine downgraded shares of Hanesbrands from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded shares of Hanesbrands from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Vetr downgraded shares of Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 target price for the company. in a research report on Monday, August 7th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $27.57.

In other news, CFO Richard D. Moss sold 20,000 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $24.08, for a total value of $481,600.00. Following the completion of the sale, the chief financial officer now owns 254,487 shares in the company, valued at approximately $6,128,046.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gerald Evans sold 43,379 shares of the company’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $23.18, for a total transaction of $1,005,525.22. Following the completion of the sale, the chief executive officer now owns 1,056,314 shares of the company’s stock, valued at approximately $24,485,358.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 130,329 shares of company stock valued at $3,016,617. Company insiders own 1.10% of the company’s stock.